Reliance Industries Ltd — Capital/Financing Update 2020

Jun 19, 2020

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June 19, 2020

BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Plot No. C/1, G Block, Bandra – Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 Scrip Code: 500325 / 890147 Trading Symbol: RELIANCE / RELIANCEPP

Dear Sirs,

Sub: Media Release

We attach a copy of the media release issued by the Company, titled “ RELIANCE RAISES OVER ₹ 168,818 CRORE IN JUST 58 DAYS ”.

This is for your information and dissemination on your website.

Thanking you,

Yours faithfully,

For Reliance Industries Limited

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Savithri Parekh

Joint Company Secretary and Compliance Officer

Copy to:

The Luxembourg Stock Singapore Stock Taipei Stock Exchange Exchange Exchange 15F, No.100, Sec. 2, Societe de Ia Bourse de 2 Shenton Way, Roosevelt Road, Luxembourg #19- 00 SGX Centre 1, Taipei, Taiwan, 10084 35A boulevard Joseph II Singapore 068804 B P 165, L-2011 Luxembourg

Regd. Office: 3[rd] Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India Phone #: +91-22-3555 5000, Telefax: +91-22-2204 2268. E-mail: investor.relations@ril.com, Website: www.ril.com CIN- L17110MH1973PLC019786

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RELIANCE RAISES OVER ₹ 168,818 CRORE IN JUST 58 DAYS

JIO PLATFORMS HAS NOW ANNOUNCED INVESTMENT OF ₹ 115,693.95 CRORE BY LEADING GLOBAL INVESTORS

RIGHTS ISSUE OF RELIANCE RAISED ₹ 53,124.20 CRORE

SHRI MUKESH AMBANI: “I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of 31[st] March 2021.”

Mumbai, June 19, 2020: Reliance Industries Limited has raised over ₹ 168,818 crore in just 58 days through:

1. Investments by global tech investors

2. Rights Issue

3. ₹ 115,693.95 crore - ₹ 53,124.20 crore

The combined capital raised has no precedence globally in such a short time. Both of these are also unprecedented in Indian corporate history and have set new benchmarks. This is even more remarkable that this was achieved ~~a~~ midst a global lockdown caused by the COVID-19 pandemic.

Along with the stake sale to BP in the petro-retail JV, the total fund raise is in excess of ₹ 1.75 lakh crore.

Our net-debt was ₹ 161,035 crore , as on 31[st] March 2020. With these investments, RIL has become NET DEBT-FREE.

Jio Platforms has raised ₹ 115,693.95 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton and PIF since April 22, 2020. PIF’s investment marks the end of Jio Platforms’ current phase of induction of financial partners.

S No	Investor In Jio Platforms Limited	Date of	Investment Amount (₹ Crore)	% Stake
		Investment
1	Facebook, Inc.	22ndApril 2020	43,573.62	9.99%
2	Silver Lake Partners	4thMay 2020	5,655.75	1.15%

Registered Office: Maker Chambers IV

3rd Floor, 222, Nariman Point Mumbai 400 021, India

Corporate Communications Telephone : (+91 22) 2278 5000 Maker Chambers IV Telefax : (+91 22) 2278 5185 9[th] Floor, Nariman PointInternet : www.ril.com Mumbai 400 021, IndiaCIN : L17110MH1973PLC019786

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S No	Investor In Jio Platforms Limited	Date of	Investment Amount (₹ Crore)	% Stake
		Investment
3	Vista Equity Partners	8th May 2020	11,367.00	2.32%
4	General Atlantic	17th May 2020	6,598.38	1.34%
5	KKR	22nd May 2020	11,367.00	2.32%
6	Mubadala	5th June 2020	9,093.60	1.85%
7	Silver Lake Partners - Additional Investment	5th June 2020	4,546.80	0.93%
8	Abu Dhabi Investment Authority	7th June 2020	5,683.50	1.16%
9	TPG	13th June 2020	4,546.80	0.93%
10	L Catterton	13th June 2020	1,894.50	0.39%
11	PIF	18th June 2020	11,367.00	2.32%
	Total		₹ 115,693.95	24.70%
	RIL RIGHTS ISSUE	20th May to 3rd June 2020	₹ 53,124.20
	GRAND TOTAL OF INVESTMENTS RAISED IN JUST 58 DAYS		₹168,818.15

The RIL Rights Issue, which was subscribed 1.59 times, was not only the largest ever in India, but also the largest in the world by a non-financial entity in the last ten years.

On 12[th] August 2019, at the 42[nd] AGM of Reliance Industries Limited, our Chairman Shri Mukesh Ambani had assured the shareholders about his roadmap for Reliance becoming a net-debt free company before 31[st] March 2021 and said:

“ We have a very clear roadmap to becoming a zero net debt company within the next 18 months that is by 31st March 2021……

Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000 Maker Chambers IV Maker Chambers IV Telefax : (+91 22) 2278 5185 3rd Floor, 222, Nariman Point 9[th] Floor, Nariman PointInternet : www.ril.com Mumbai 400 021, India Mumbai 400 021, IndiaCIN : L17110MH1973PLC019786

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We have received strong interest from strategic and financial investors in our consumer businesses, Jio and Reliance Retail. We will induct leading global partners in these businesses in the next few quarters, and move towards listing of both these companies within the next five years……

With these initiatives, I have no doubt that your company will have one of the strongest balance sheets in the world .”

Expressing his gratification at this achievement, Shri Mukesh Ambani stated, “Today I am both delighted and humbled to announce that we have fulfilled our promise to the shareholders by making Reliance net debt-free much before our original schedule of 31[st] March 2021. Exceeding the expectations of our shareholders and all other stakeholders, again and yet again, is in the very DNA of Reliance. Therefore, on the proud occasion of becoming a net debt-free company, I wish to assure them that Reliance in its Golden Decade will set even more ambitious growth goals, and achieve them, in fulfilment of the vision of our Founder, Dhirubhai Ambani, to consistently increase our contribution to India’s prosperity and inclusive development.”

Shri Mukesh Ambani further said: “Over the past few weeks, we have been overwhelmed by the phenomenal interest of the global financial investor community in partnering with Jio. As our fundraising milestone from financial investors is achieved, we sincerely thank the marquee group of financial partners and warmly welcome them into Jio Platforms. I also express my heartfelt gratitude to all the retail and institutional investors, both domestic and foreign, for their overwhelming participation in our record-setting Rights Issue.”

About Reliance Industries Limited (RIL)

RIL is India’s largest private sector company, with a consolidated turnover of INR 659,205 crore ($87.1 billion), cash profit of INR 71,446 crore ($9.4 billion), and net profit of INR 39,880 crore ($5.3 billion) for the year ended March 31, 2020.

RIL’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services. RIL is the top-most ranked company from India to feature in Fortune’s Global 500 list of ‘World’s Largest Corporations’ – currently ranking 106th in terms of both revenues and profits. The company stands 71st in the ‘Forbes Global 2000’ rankings for 2019 – top-most among Indian companies. It ranks 10th among LinkedIn’s ‘The Best Companies to Work For In India’ (2019).

Registered Office: Maker Chambers IV 3rd Floor, 222, Nariman Point Mumbai 400 021, India

Corporate Communications Telephone : (+91 22) 2278 5000 Maker Chambers IV Telefax : (+91 22) 2278 5185 9[th] Floor, Nariman PointInternet : www.ril.com Mumbai 400 021, IndiaCIN : L17110MH1973PLC019786

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